On November 8, votes will be cast for the U.S. Midterm Elections in order to decide the 118th U.S. Congress. The combination of low poll numbers and high inflation are proving to be a difficult combination for the Biden administration to navigate as the Republican Party campaigns on a platform of a faltering economy.

History shows that such midterm elections typically swing in favor of the opposition party, but America remains a deeply divided nation. The Democrats have recently been emboldened by the implications of recent judicial action and potential surprises could occur.

We consider:

  • The political landscape of the United States of America 
  • What issues are each party campaigning on?
  • How could the U.S. Congress look once votes have been cast
  • The impact of the midterm elections on policy and investment markets

Download our full report

Our CIO Special is now available to download. Please refer to the Important Information at the end of the report for disclosures and risk warnings.

PDF

Language:

In Europe, Middle East and Africa as well as in Asia Pacific this material is considered marketing material, but this is not the case in the U.S.

The value of an investment can fall as well as rise and you might not get back the amount originally invested at any point in time. Your capital may be at risk.

No assurance can be given that any forecast or target can be achieved. Forecasts are based on assumptions, estimates, opinions and hypothetical models which may prove to be incorrect. Past performance is not indicative of future returns. Performance refers to a nominal value based on price gains/losses and does not take into account inflation. Inflation will have a negative impact on the purchasing power of this nominal monetary value. Depending on the current level of inflation, this may lead to a real loss in value, even if the nominal performance of the investment is positive.

This web page is not an offer to buy a security or enter into any transaction. The products, services, information and/or materials contained within these web pages may not be available for residents of certain jurisdictions. Please consider the sales restrictions relating to the products or services in question for further information. Deutsche Bank does not give tax or legal advice; prospective investors should seek advice from their own tax advisers and/or lawyers before entering into any investment.

Change of name: As part of Deutsche Bank’s Private Bank, the former International Private Bank also adopted this title on July 20, 2023.